Sugarloaf-1 Gas Show

17 Nov 2006 07:39

Empyrean Energy PLC17 November 2006 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Sugarloaf Hosston Prospect, Texas USA ------------------------------------- • Further gas show AIM quoted Empyrean Energy PLC today announces that at 6am Texas time on 16November 2006, the Sugarloaf-1 exploration well was drilling ahead at 19,434feet (5,925 metres). Since the last progress report released on 15 November 2006, the well hasencountered a gas show over an 18 foot (5.5 metres) interval. Total gasreadings peaked at 536 units from a background of about 230 units andchromatography indicates the gas consists dominantly of methane (C1), withethane (C2), propane (C3) and a trace of butane (C4). The economic significance of these gas indications will not be known untilwire-line logs, programmed to be run after the well has reached total depth,have been interpreted and flow testing, if warranted, has been evaluated. Drilling is continuing towards the proposed total depth of 21,000 feet6,400 metres). The information contained in this announcement was completed and reviewed by theTechnical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who hasover 40 years experience as a petroleum geologist. For further information Laurence Read/ Ed PortmanConduit PRTel: +44 (0) 207 429 6605/+44 (0) 7979955923 Empyrean Energy plcTel : +44(0) 207 932 2442 Imran Ahmad/ Cecil JordaanHB-CorporateTel: +44(0) 207 510 8600 This information is provided by RNS The company news service from the London Stock Exchange